Citic May Need To Strike New Deals to Sell Its Wheels In Face of Steel Tariffs — Panjiva
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Citic May Need To Strike New Deals to Sell Its Wheels In Face of Steel Tariffs

Cons. Discr. - Autos 1251 Materials - Metals/Mining 796 Metals - Steel 544 Tariffs 1870 U.S. 5404

Steel suppliers are having to find increasingly innovative ways to tackle the impact of the Trump administration’s section 232 duties. Wheel manufacturer Citic Dicastal is in discussions regarding financial burden sharing with its customers in the automotive industry. Tariffs have already been a fact-of-life for the wheelmakers with the most recent case having been launched into steel wheels in early August. Citic’s U.S.-bound shipments surged 33% higher in the past three months ahead of the new case after a 60% decline in the prior three months due to the start of new duties. Its lea...

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